Michał Kalecki: General

Michał Kalecki was Polish economist. Explore interesting quotes on general.

Michał Kalecki: 32 quotes0 likes

“It should be noticed that the whole approach is in contradiction to generally accepted views.”

Michał Kalecki

Source: Theory of Economic Dynamics (1965), Chapter 1, Cost and Prices, p. 17

“Thus, even with relatively heavy damping such shocks generate fairly regular cycles.
The result is of considerable importance.”

Michał Kalecki

Source: Theory of Economic Dynamics (1965), Chapter 13, The Business Cycle and Shocks, p. 142

“Generally speaking, changes in the prices of finished goods are "cost determined" while changes in the prices of raw materials inclusive of primary foodstuffs are "demand determined."”

Michał Kalecki

Source: Theory of Economic Dynamics (1965), Chapter 1, Cost and Prices, p. 11